RICS New Rules of Measurement 3

Faithful+Gould acted as lead technical author of the Royal Institution of Chartered Surveyors (RICS) new rules of measurement (NRM) 3 for maintenance works. Andy Green, director, provided subject matter expertise and major technical drafting of the NRM3 for maintenance works. The drafting took over three years and was based on learning and best practice gleamed from various major sector initiatives, most notably the Ministry of Justice asset review and customisation of maintenance project. The standard has also been road tested on a number of other client projects. The NRM3 has been developed with major cross industry collaboration and adopts the same style and premise as the NRM1 and 2, which are the established RICS's professional standards for cost management of capital construction cost estimating, cost planning and analysis and benchmarking.

The objectives of the NRM 3 maintenance are to provide:

  • A standardised methodology and guidance: cost data structure to fully integrate the construct, maintain and renewal costs (by linking NRM1 to the NRM3 rules); rules or measurement and templates to provide a consistent basis for order of cost estimating and cost planning during a constructed assets’ life cycle; what information is required, including sources and reference data available; create standardised asset maintenance databases, which will streamline future asset surveys and forms of assessments; provide interoperable cost data for building information modelling (BIM).
  • Improved confidence and cost certainty: provides the industry accepted method that will allow robust life cycle costing comparison of maintenance cost on a like-for-like basis, guidance on typical risks and mitigation plans (with working examples), transparency of what is actual spent on maintenance and life cycle renewals.

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